$VFL

SEBI fined alleged stock-manipulation mastermind Hanif Shekh ₹10 crore and barred him from markets for 7 years, saying he orchestrated a pump-and-dump scheme (2017-2020) across five listed firms: Mauria Udyog, Vishal Fabrics, 7NR Retail, GBL Industries and Darjeeling Ropeway. SEBI also penalised 225 others (₹5 lakh-₹2 crore) and cited unlawful gains of ~₹143.79 crore.

SEBI imposed a ₹10 crore penalty and a 7-year securities market ban on Hanif Shekh for allegedly orchestrating a pump-and-dump stock manipulation scheme across five listed firms (Mauria Udyog, Vishal Fabrics, 7NR Retail, GBL Industries, Darjeeling Ropeway) from 2017-2020. SEBI said unlawful gains were ~₹143.79 crore and fined 225 others (₹5 lakh–₹2 crore) with bans up to 6 years.

abrdn National Municipal Income Fund (VFL) said shareholders approved its reorganization into Aberdeen Municipal Income Fund (MFM) at a special meeting. VFL had 12,278,003 shares outstanding as of Dec. 11, 2025, with 64.0% voted. Subject to closing conditions, shareholders of record July 10, 2026 will receive MFM shares equal to VFL NAV, and MFM trading begins July 13. The fund will liquidate its Muni-MultiMode Preferred Shares, redeeming at $100,000 liquidation preference plus accrued dividends

abrdn U.S. closed-end funds (NYSE: ACP, AGD, AOD, ASGI, AWP, THQ, THW; NYSE American: AEF, FAX, VFL) said they will pay declared distributions on June 30, 2026 to shareholders of record June 23, 2026 (ex-dividend June 23). For VFL, the June 30 distribution will be cash only, with no reinvestment option. Form 1099-DIV will follow after year-end.

abrdn National Municipal Income Fund (NYSE: VFL) said its special shareholder meeting was held and adjourned to gather more proxies for quorum, with a new date set for June 9, 2026. Shareholders vote on a proposed reorganization with MFS Municipal Income Trust (NYSE: MFM). Preliminary results show 48.4% of outstanding shares voted FOR, short of the 50% required.

abrdn National Municipal Income Fund (VFL) is urging shareholders to vote on a proposed reorganization with MFS Municipal Income Trust. The special meeting, originally set for March 11, 2026, was adjourned to May 6, 2026, to secure the necessary approval of over 50% of outstanding shares. The fund's Board of Trustees recommends a "FOR" vote, highlighting benefits such as increased fund size, improved diversification, and a lower expense ratio.

PHILADELPHIA, Sept. 30, 2025 /PRNewswire/ -- abrdn National Municipal Income Fund ( the "Fund" ) ( NYSE:VFL ) held its Annual Meeting of Shareholders ( the "Meeting" ) on September 30, 2025. At the Meeting, shareholders of the Fund voted to re-elect the Board of Trustees.